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 SIARAN PERS UNTUK DITERBITKAN SEGERA                                               PRESS RELEASE FOR IMMEDIATE RELEASE
                                                                                                      *) (unofficial translations)

BSDE Umumkan Kinerja Triwulan - III yang Solid, BSDE Announces Strong Performance of third quarter of
Bottom Line Tumbuh 92,64%                       2023, Bottom Line Jumps 92.64% *)

Tangerang, 30 Oktober 2023 - PT Bumi Serpong Damai               Tangerang, October 30th, 2023 – PT Bumi Serpong Damai
Tbk (BEI: “BSDE”), anggota kelompok properti Sinar Mas           Tbk (BEI: "BSDE"), a subsidiary of the Sinar Mas Land
Land mengumumkan kinerja triwulan III - 2023 yang solid.         property group, has reported solid performance for the third
Topline atau Pendapatan Usaha tercatat Rp7,31 triliun,           quarter of 2023. Total Revenues or Topline, reached IDR7.31
tumbuh 2,28% dibandingkan tahun lalu Rp7,14 triliun.             trillion, marking a 2.28% increase compared to the previous
Sedangkan bottom line atau Laba Bersih melonjak 92,64%           year's IDR7.14 trillion. Meanwhile, the Bottom Line,
menjadi Rp1,77 triliun, apabila disandingkan dengan              representing Net Profit surged by an impressive 92.64%,
pencapaian periode yang sama tahun lalu Rp918,31 miliar.         reaching IDR 1.77 trillion, in contrast to the same period last
                                                                 year when it was IDR 918.31 billion.

“Manajemen mengapresiasi komitmen dan kerja keras                "The management acknowledges the commitment and hard
seluruh karyawan sehingga bottom line bisa menembus              work of all employees, which has enabled the bottom line to
Rp1 triliun, tepatnya Rp1,77 triliun di sembilan bulan           exceed IDR1 trillion, precisely IDR1.77 trillion in the first nine
pertama 2023. Hal ini merupakan pencapaian tersendiri            months of 2023. This is a remarkable achievement, especially
mengingat pasar baru pulih dari pandemi dan menandakan           considering the recent recovery of the market from the
produk-produk properti yang kami pasarkan, sangat                pandemic and it indicates strong consumer demand for the
diminati konsumen. Kami optimis dapat melanjutkan                property products we offer. We are optimistic about sustaining
momentum positif ini hingga akhir tahun”, ungkap                 this positive momentum until the end of the year", stated
Hermawan Wijaya, Direktur BSDE.                                  Hermawan Wijaya, Director of PT Bumi Serpong Damai Tbk.

Pertumbuhan Pendapatan Usaha yang mencapai Rp7,31                The growth in total Revenues reaching IDR7.31 trillion by the
triliun pada akhir September 2023 lalu mengindikasikan           end of September 2023 indicates the robust performance of the
solidnya pendapatan segmen-segmen usaha usaha yang               various business segments owned by BSDE, the largest
dimiliki BSDE selaku pengembang kota mandiri terbesar            satellite city developer in Indonesia, BSD City.
di Indonesia, BSD City.

Kontribusi terbesar bagi Pendapatan Usaha konsolidasian          The largest contribution to consolidated total Revenues comes
bersumber dari Segmen Penjualan Tanah, Bangunan dan              from the Land Sales, Building and Strata Title segment
Strata Title yang mencapai 82,57% dari total pendapatan          reaching 82.57% of the total Revenues, amounting to IDR6.03
yakni Rp6,03 triliun. Segmen ini tumbuh 8,15% jika               trillion. This segment demonstrated an 8.15% growth,
dibandingkan pencapaian tahun lalu sebesar Rp5,58 triliun.       compared to last year's achievement of IDR5.58 trillion.

Apabila dirinci lebih lanjut, penjualan tanah dan strata title   Furthermore, land and strata title sales in the first nine months
pada sembilan bulan pertama 2023 tercatat tumbuh paling          of 2023 exhibited the most aggressive growth, reaching an
agresif yakni mencapai 54,64% dari Rp553,55 miliar               impressive 54.64% increase, surging from IDR553.55 billion
menjadi Rp855,99 miliar pada Triwulan III - 2023.                to IDR855.99 billion in the third quarter of 2023.

Penjualan unit residensial maupun komersial di kawasan           The sales of residential and commercial units dominated the
kota mandiri BSD City tersebut mendominasi angka                 sales figures. The substantial residential sales were supported
penjualan. Besarnya angka penjualan residensial ditopang         by the sales of flagship BSD City products such as Nava Park,
oleh penjualan unit produk unggulan BSD City seperti             Hiera, Enchante, Eonna and Tanakayu.
Nava Park, Hiera, Enchante, Eonna dan Tanakayu.

Untuk penjualan ruko sebagian besar berasal dari Enchante        Most sales of shop-houses came from Enchante Business Park
Business Park dan Delrey Business Townhouse di BSD               and Delrey Business Townhouse in BSD City, along with the
City, bersama dengan Front Row Studio Loft di Kota               Front Row Studio Loft in Kota Wisata Cibubur. As for
Wisata Cibubur. Adapun unit apartemen bersumber dari             apartment units, they were sourced from the sales of units in
penjualan unit The Elements, Southgate dan Aerium, yang          The Elements, Southgate and Aerium, located in Jakarta, as
                                                                 well as Akasa, Upper West and Marigold, located in BSD City.



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terletak di Jakarta, serta Akasa, Upper West dan Marigold,
yang terletak di BSD City.

Kontributor terbesar kedua Pendapatan Usaha berasal dari      The second-largest contributor to total Revenues came from
Segmen Sewa yang berkontribusi 9,46% setara Rp691,05          the Rental Segment, contributing 9.46% equivalent to
miliar. Segmen ini tumbuh moderat di kisaran 3,67%            IDR691.05 billion. This segment experienced moderate growth
dibandingkan tahun lalu sebesar Rp666,60 miliar.              at around 3.67% compared to the previous year when it was
Sedangkan kontributor terbesar ketiga berasal dari Segmen     IDR666.60 billion. Meanwhile, the third-largest contributor
Pengelola Gedung yang membukukan pendapatan sebesar           came from the Building Management Segment, which recorded
Rp272,39 miliar atau setara kontribusi 3,73% terhadap         revenues of IDR272.39 billion, equivalent to a 3.73%
pendapatan konsolidasian. Segmen ini tumbuh 7,35%             contribution to consolidated revenues. This segment grew
hingga akhir September lalu.                                  7.35% by the end of September.

Solidnya pertumbuhan segmen usaha yang menopang               The solid growth in the business segments that support total
Pendapatan Usaha yang disertai penurunan Beban Pokok          Revenues, combined with a 0.55% decrease in Cost of
Penjualan sebesar 0,55% dari Rp2,66 triliun pada Triwulan     Revenues, from IDR2.66 trillion in third quarter of 2022 to
III - 2022 menjadi Rp2,64 triliun pada Triwulan – III 2023,   IDR 2.64 trillion in third quarter of 2023, resulted in Gross
membuat posisi Laba Kotor tumbuh 3,82% menjadi Rp4,66         Profit increasing by 3.82% to IDR4.66 trillion compared to the
triliun dibandingkan tahun lalu Rp4,49 triliun.               previous year's IDR4.49 trillion.

Setelah dikurangi aneka beban, Laba Usaha masih               After deducting various expenses, the pioneering integrated
mencatatkan kinerja positif. Pada akhir September 2023        housing area's Operating Profit still delivered a positive
tercatat Rp2,27 triliun, tumbuh 4,62% dibandingkan            performance. At the end of September 2023, it reached
pencapaian tahun lalu sebesar Rp2,17 triliun.                 IDR2.27 trillion, marking a 4.62% increase compared to the
                                                              previous year's achievement of IDR2.17 trillion.

Posisi Laba Sebelum Pajak melonjak 96,20% menjadi             The Profit Before Tax position surged by 96,20% to IDR2.01
Rp2,01 triliun dibandingkan pencapaian tahun lalu Rp1,02      trillion compared to the previous year's IDR1.02 trillion. This
triliun. Hal tersebut bersumber dari pertumbuhan              growth was attributed to the solid 42.75% increase in Interest
Pendapatan Bunga dan Investasi yang tumbuh solid              and Investment Income, amounting to IDR356.05 billion and
42,75% menjadi Rp356,05 miliar dan Pendapatan Dividen         the convincing 51.01% growth in Dividend Income, reaching
yang tumbuh meyakinkan 51,01% menjadi Rp4,96 miliar.          IDR4.96 billion.

“Kinerja ini mencerminkan keberhasilan kami dalam             “This performance reflects the Company's success in
mengelola sumber-sumber pendapatan potensial. Tidak           effectively managing potential revenue sources. It goes beyond
sekedar pendapatan organik yang bersumber dari penjualan      organic income derived from property sales, actively
properti, namun secara aktif meningkatkan nilai melalui       enhancing value through investments in subsidiary entities or
investasi pada Entitas Anak atau bekerja sama dengan para     collaborating with investors on specific projects while
investor di proyek tertentu dengan tetap mengedepankan        continuing a prudent approach”, Hermawan continued.
prinsip kehati-hatian”, lanjut Hermawan.

Solidnya pencapaian Laba Sebelum Pajak juga berlanjut         The strong achievement of Profit Before Tax also translates
pada pencapaian Laba Bersih sebesar Rp1,77 triliun,           into a significant increase in the Profit Attributable to the
tumbuh signifikan 92,64% dibandingkan pencapaian              Owners of the Parent Entity, totaling IDR1.77 trillion. This
periode yang sama tahun lalu sebesar Rp918,30 miliar          marks a substantial growth of 92.64% compared to the same
setelah dipotong pajak.                                       period last year when it amounted to IDR918.30 billion after
                                                              tax deductions.

Hermawan menambahkan “Kami selaku pelaku di sektor            Hermawan further added that “As one of the partakers in the
properti menyambut baik rencana pemerintah untuk              real estate sector, we warmly welcome the government's plan
kembali memberikan insentif. Kebijakan relaksasi berupa       to reinstate incentives. The relaxation policy includes Value-
Pajak Pertambahan Nilai yang akan ditanggung pemerintah       Added Tax (VAT) that the government will cover for home
untuk pembelian rumah di bawah Rp2 miliar serta subsidi       purchases below IDR2 billion, along with a subsidy of IDR 4
biaya administrasi sebesar Rp4 juta untuk rumah               million for administrative costs for low-income households.
masyarakat berpenghasilan rendah”.




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Pemerintah akan menanggung 100% PPN untuk pembelian                              The government will fully cover the 100% VAT for home
rumah seharga di bawah Rp2 miliar. PPN yang ditanggung                           purchases below IDR2 billion. This government-covered VAT
pemerintah ini akan diberikan 100% sampai Juni 2024, lalu                        will be provided at 100% until June 2024 and from June to
untuk Juni - Desember 2024 diberikan 50%.                                        December 2024, it will be provided at a rate of 50%.

Gabungan antara insentif yang diberikan pemerintah The combination of government incentives and our national
dengan strategi pemasaran nasional yang kami lakukan marketing strategy will serve as a positive foundation for
akan menjadi bekal positif untuk melanjutkan pertumbuhan continuing sustainable business growth.
bisnis yang berkelanjutan.

Per September 2023, BSDE memiliki cadangan real estat                            As of September 2023, BSDE holds real estate inventories
senilai Rp13,66 triliun. Persediaan tersebut terdiri dari                        totaling of IDR13.66 trillion. These inventories consist of Land
Tanah dan Bangunan yang Siap Dijual senilai Rp4,28                               and buildings ready for sale amounting to IDR4.28 trillion,
triliun, Bangunan yang Sedang Dikonstruksi Rp2,18                                Buildings under construction at IDR2.18 trillion, Land under
triliun, Tanah yang Sedang Dikembangkan Rp7,20 triliun                           development totaling IDR7.20 trillion and Hotel inventories
serta Persediaan Hotel dan Lainnya Rp1,06 miliar.                                and others at IDR1.06 billion. The majority of these
Sebagian besar persediaan tersebut berada di BSD City                            inventories are located in BSD City, which serves as the
yang merupakan flagship project Sinar Mas Land di                                flagship project of Sinar Mas Land in Indonesia.
Indonesia.
                          (end)                                                                                          (end)
Sekilas mengenai PT Bumi Serpong Damai Tbk                                       Overview of PT Bumi Serpong Damai Tbk
BSDE merupakan pengembang BSD City, kota mandiri terbesar di Indonesia dan       BSDE is the developer of BSD City, the largest satellite city in Indonesia and the
flagship project Sinar Mas Land seluas 5.950ha yang terdiri atas kawasan         flagship project of Sinar Mas Land measuring to 5,950ha, consisting of residential
perumahan dan kawasan niaga terpadu. Pada awal tahun 2011, BSDE telah            areas and the integrated commercial area. In early 2011, BSDE finalized the
merampungkan proses akuisisi perusahaan terafiliasi yakni PT Duta Pertiwi Tbk,   acquisition of affiliated companies, namely PT Duta Pertiwi Tbk, PT Sinar Mas
PT Sinar Mas Teladan dan PT Sinar Mas Wisesa. Akuisisi ini diharapkan dapat      Teladan and PT Sinar Mas Wisesa. This acquisition is expected to improve BSDE’s
meningkatkan kinerja BSDE terutama portofolio pendapatan dan diversifikasi       performance particularly in revenues portfolio and business diversification.
usaha BSDE.

Paska aksi Korporasi tersebut, BSDE secara konsisten dan berkesinambungan        Post corporate action, BSDE consistently and continuously strengthened its revenue’s
memperkuat portfolio pendapatannya dengan tumbuh secara organik maupun           portfolio by growing both organically and inorganically. Apart from being active in
anorganik. Selain aktif dalam melakukan akuisisi tanah sebagai backbone          land acquisition as a property company backbone, various strategic partnerships with
perusahaan properti, berbagai kemitraan strategis dengan mitra nasional          national and international partners have been carried out to provide added value to
maupun internasional telah dilakukan guna memberikan nilai tambah bagi           BSDE’ projects as well as through Subsidiaries, Associates and Joint Ventures.
proyek-proyek yang berada di bawah BSDE maupun melalui Entitas Anak,
Entitas Asosiasi dan Entitas Ventura Bersama.

Ke depannya, BSDE juga akan aktif dalam memperkuat cadangan kas BSDE             Moving forward, BSDE will also actively improve its cash reserves to develop and
untuk mengembangkan dan meraih peluang-peluang bisnis yang potensial guna        seize potential business opportunities to ensure upcoming sustainable business
menjamin pertumbuhan bisnis yang berkelanjutan di masa mendatang. BSDE           growth. BSDE is currently listed as one of the largest property issuers on the Indonesia
saat ini tercatat sebagai salah satu emiten properti terbesar di Bursa Efek      Stock Exchange (IDX), with a market capitalization of IDR21.59 trillion as of
Indonesia (BEI), dengan kapitalisasi pasar sebesar Rp21,59 triliun per 30        September 30th, 2023.
September 2023.

Untuk informasi lebih lanjut, silahkan menghubungi:                              For further information, please contact:
PT Bumi Serpong Damai Tbk                                                        PT Bumi Serpong Damai Tbk
Hermawan Wijaya, Direktur                                                        Hermawan Wijaya – Director
Email: corporate.secretary@sinarmasland.com                                      Email: corporate.secretary@sinarmasland.com




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